Remittances and Macroeconomic Volatility in African Countries

Remittances and Macroeconomic Volatility in African Countries
This paper investigates the channels through which remittances affect macroeconomicvolatility in African countries using a dynamic stochastic general equilibrium (DSGE) modelaugmented with financial frictions. Empirical results indicate that remittances—as a share ofGDP—have a significant smoothing impact on output volatility but their impact... READ MORE...

Publication date: March 2015
ISBN 9781498300940
$18.00

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